Kitron ASA has signed an agreement with a leading industrial supplier. The agreement, which is an extension of a previous contract, covers manufacturing of electronics and related technical services for automation and power technologies. The estimated total contract value is NOK 150 million over a three-year period.
Kitron in Arendal, Norway, will handle the main part of the production and all deliverables, while part of the manufacturing will take place at Kitron's factories in Lithuania.
"Our ability to combine advanced technical services with cost effective manufacturing solutions were decisive in winning this important contract. The agreement confirms our leading position as an EMS supplier for the Industrial segment in Scandinavia," says Dag Songedal, interim CEO of Kitron ASA.
For further information please contact:
Dag Songedal, interim CEO of Kitron ASA, tel. +47 91 38 64 68 or e-mail dag.songedal@kitron.com
Tommy P. Storstein, Corporate Sales Director at Kitron ASA, tel. +47 93 66 99 09 or email tommy.storstein@kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defense, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.7 billion in 2012 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)